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What is the G8?The G8 stands for the 'Group of Eight' nations. It began in 1975 when the leaders of Japan, the USA, Germany, the UK and Italy met in Rambouillet, near Paris, to discuss the economic problems of the day. Canada joined in 1976 and Russia in 1998. This year the Presidency rests with the UK. At the Summits, the leaders discuss major issues of the day. They reach informal agreements on measures that they can take individually, but in cooperation, to achieve their goals more effectively. At each Summit, leaders agree upon certain initiatives and there are follow-up meetings throughout the year to make sure commitments are being honoured. G8 Summits are hugely important if we are to manage the effects of globalisation, a task more relevant today than ever. The G8 can secure political commitment to action on key global issues. This year more than ever, the G8 has the ability to make a real difference in addressing poverty in Africa and Climate Change. |
